Media Digest (1/13/2011) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Published
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The heads of several major investment banks attempted to sell their services of an AIG (NYSE: AIG) plan to pay off money it owes taxpayers (Reuters)

Forecasts from Intel (NASDAQ: INTC) helped combat fears that the company would be hurt by the rise in portable device sales (Reuters)

China is unlikely to agree to appreciation in the value of the yuan at upcoming Washington summits (Reuters)

Google (NASDAQ: GOOG) has put together plans to revive its growth in China (Reuters)

Apple’s (NASDAQ: AAPL) holiday sales and earnings are expected to be spectacular (Reuters)

Video game sales slowed in 2010 despite the success of the Microsoft (NASDAQ: MSFT) Kinect. The industry raised hopes for next year (Reuters)

Federal regulators may challenge a deal by Google to buy travel software company ITA (Reuters)

Sanofi-Aventis hopes to buy Genzyme (NASDAQ: GENZ) for $76 a share (Le Figaro)

Target (NYSE: TGT) may sell part of its credit card assets for $6.7 billion (Reuters)

Trouble in the municipal bond business may hurt chance of hospitals and cities to refinance debt (WSJ)

Hedge funds are making more of the same trade which could destabilize the market (WSJ)

The SEC is considering whether US banks including Citigroup (NYSE: C) and Blackstone (NYSE: BX) paid bride to get business from sovereign wealth funds (WSJ)

Economists polled by The Wall Street Journal are optimistic about growth next year (WSJ)

Brazil stepped in to slow the rise of the value of its currency (WSJ)

News Corp (NYSE: NWS) delay the launch of its product The Daily which is to be done with Apple (NASDAQ: AAPL)

Toyota Motor (NYSE: TM) hopes to build hybrids without earth metals from China (WSJ)

Negotiation to cut corporate taxes have begun to be more active (WSJ)

There are split among German politicians about an increase in the EU bailout fund (WSJ)

The ECB warned that inflation may be rising in Europe (WSJ)

Target will expand into Canada (WSJ)

Merck (NYSE: MRK) ended the trial of a major heart drug (WSJ)

Media companies are concerned that the NBCU deal with Comcast (NASDAQ: CMCSA) could hurt their online expansion (WSJ)

Starbucks (NASDAQ: SBUX) plans to enter India (WSJ)

The war for wireless customers in Africa has heated up (WSJ)

Sterling Bancshares has put itself up for sales (WSJ)

Moody’s and S&P warned the US on its AAA rating (WSJ)

The euro rose on relief about EU debt (WSJ)

Banks will raise dividends after a three year break (NYT)

Groupon will set an IPO to value the company at $15 billion (NYT)

Borders Group (NYSE: BGP) may get new financing (NYT)

Geithner questioned whether a bank crisis can be forecast despite past experiences (FT)

GE (NYSE: GE) has increased its push into energy (FT)

The IMF says that Europe has not dispelled concerns about a debt crisis (Bloomberg)

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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